Oliver Luxxe Assets LLC Increases Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Oliver Luxxe Assets LLC raised its position in Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 71.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,123 shares of the specialty retailer’s stock after buying an additional 7,551 shares during the period. Oliver Luxxe Assets LLC’s holdings in Lamb Weston were worth $1,931,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LW. VisionPoint Advisory Group LLC grew its position in shares of Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 161 shares in the last quarter. TFO Wealth Partners LLC raised its stake in Lamb Weston by 8,040.0% during the fourth quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after acquiring an additional 402 shares during the period. Vima LLC bought a new position in Lamb Weston in the fourth quarter worth about $50,000. Headlands Technologies LLC bought a new position in shares of Lamb Weston during the fourth quarter valued at approximately $51,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Lamb Weston by 864.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock worth $52,000 after buying an additional 432 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. BNP Paribas assumed coverage on Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Barclays reduced their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. Bank of America lowered their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Stifel Nicolaus decreased their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

View Our Latest Report on LW

Lamb Weston Stock Down 1.1 %

Shares of Lamb Weston stock traded down $0.93 on Monday, reaching $83.15. 592,530 shares of the company were exchanged, compared to its average volume of 2,122,139. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average of $85.48 and a 200 day moving average of $95.69. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.38 and a beta of 0.74.

Lamb Weston (NYSE:LWGet Free Report) last posted its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. On average, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current year.

Lamb Weston Profile

(Free Report)

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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